To The Moon

Growth stocks feature companies with stock prices that have been increasing steadily over a while. In turn, the stocks are usually purchased by investors who wish to profit from the company’s expected growth.

However, growth stocks have not done well recently. Nonetheless, the biggest reason we can point to is because ofincreasing inflation. The prices of food and energy are both rising in a widespread manner around the world, and it’s been primarily driven by post-pandemic demand andthe Russian invasion of Ukraine. Overall, this rise in inflation is a worldwide trend that you’ll want to monitor closely.

With all of this in mind, many investors are hesitant to invest in growth stocks because of the recent bear market and drop in stock prices. But these opportunities do exist for those who can find them. There is a huge opportunity for investors to purchase excellent growth stocks at a steep discount.

Upstart Holdings (UPST)Cloud-based lending platforms likeUpstart(NASDAQ:UPST) provide low-interest loans to those who would otherwise be unable to access them through traditional lenders. This allows people with less than perfect credit scores and bad financial history to access loans they might not otherwise qualify for.

Upstart uses artificial intelligence (AI) to power its lending platform, revolutionizing the industry. You can complete the loan process in minutes, and they can hand out loans quickly. This is a huge advantage over institutions like banks that have been in the lending business for decades. One of the reasons financial institutions are jumping on the AI automation bandwagon is because it can save them time and effort, which ultimately leads to savings in the long run.

The credit scores for people applying to work at Upstart have been lower than the scores of applicants approved through traditional vetting processes, but their delinquency rates and lifetime value (LTV) have remained the same. Financial institutions will likely continue to turn to Upstart because AI-based loan-vetting is an obvious win. The company has alreadyimplemented some impressive metricsthat give someone an idea of the Upstart’s popularity.

With all of this in mind, though, Upstart should be on your list of growth stocks to buy.

$Upstart Holdings, Inc.(UPST)$